Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1887-04-01
GREAT RAILROAD SUIT.
FRAUDS ALLEGED DUPLICATING
PROMINENT MEN,
Who are claimed 10 Iav. FrauduIentIy
Converted Stocks and Bonds of the
Boston, Hartford and Erie
to Their own Use.

/ NEW YORK, March 29.--The complaiut
in the suit of Richard a. Roberts. W. A
Jones, Edward 3. Mccoy and jaime,
Adair against the New York aud New
England railroad, the Boston, Uartford
and Erie railroad, w. L. Hart and Charles
Il. Clark, now pending in Kinss Count,
supreme Court was flied to tav. If
SHOWS that the plaintiff ana "a. hers fo,
whom they act are, aud have been tor sev.
eral years, holders OF 1890 shares in the
capital stock of the Boston, Hartford and
Erie company. The suit refers TO that
part of the Boston, Hartford and Eric
road lying between Fishliill and the Con
nectlcut boundary, permission to acquire
which was granted by the New Yur,
Legislature in 1854. The complaint re-
cites facts relating to the placing of the
road in the hands of the receivers ON the
application of George Ellis in 1870, goes
on to declare that the suit brought Inv
the latter for this purpose was not in
stltuted in good faith, as he was
really acting on behalf of Frederick A.
Lane, president of the road who 1tv,aI
the mortgage bonds which Ellis prnfessed
70 hold he complaint further declare
that the object of the conspiracy between
Lane ana Ellis was to enable the former
10 OBTAIN possession of the road, John :
Eldridge the former president of the road
also being one of the parties to the alleged
conspiracy.
Further, that on Aug 25. 1871. the re-
celvers of the Boston, Hartford and Erie
were discharged from their trust upon an.
pllcatlOn ana the whole properly was
placed in the hands of Hart and Clark
Wlthout notice to or consent from bond or
STOCK holders and that by their misman
aSement of the road these trustees
brought about default in the pavment of
the interest on mortgage bonds, so that
the possession of the road should mass into
their own hands and those of their con
federates and took possession accordingly.
Aud that subsequently they and the 9th
erS concerned IN the alleged conspiracy
organized themselves into the New York
ana New England Railroad company
when pretended corporation has not now.
ana never has had any legal existence
And that it is claimed that there are 81
oOo,OO0 worth of mortgage bonds which
mas never been accounted for by the
Also that John S. Eldridge placed $3.50
on the mortgage bonds with a CLERK of
MS named Eayres, alleging they had been
pledged for 30 per cent of their yalue and
mat In fact Eldridge Appropriated them
10 MS own use, together with GS, 594 shares
vi the capltal STOCK in the same way. Fur
ther, 1t is alleged that the State of Massa
accepted as part security for the
loan OF 50 OOO, 600 of scrip large amount
OF the roads bonds which were already
appropriated to the payment of the under
lying liens on the road, and the defeud-
ants Clark and Hart were parties to this
ana all the before mentioned alleged
fraudulent proceedings.
They also ask that Hart and Clark shall
be called to account for their manage
lnent of the road as trustees and for all
moneys received by them and shall be
directed to make restitution that the
New York and New England Company
shall DE required to render an account of
the profits of the road and that pend.nte
item "A receiver shall be appointed of
an the property of the road lying within
this State.